Major Support: $2.212-$2.207, $2.185,$2.12, $2.029
Major Resistance: $2.339, $2.366, $2.38, $2.398-$2.241, $2.49-$2.52, $2.643-$2.648, $2.72, $2.751
I know the trade yesterday was interesting, bouncing off of the lows from the report only to close higher— but don’t load up on length until a higher high has been established from the recent range $2.20-$2.39 is broken. I do find it interesting that as Nov heads into expiration there has been significant reductions in open interest (likely short covering as mentioned earlier in the week). I doubt today will bring drama but you never know.
